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Tag: Center may boost capital expenditure

Center may boost capital expenditure to improve growth
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Center may boost capital expenditure to improve growth

Capital expenditure may rise to 20% over the year before All stakeholders need to see capex rise, as private investments will make time to recover, stated analysts The Union plan for FY23 may propose elevated government paying for infrastructure along with other development sectors inside a continuation of efforts to turn back impact of covid-19 on business activities. According to someone aware of the event, capital expenditure estimates for FY23 may rise between 10-20% over the year before, with the majority of the cash entering the introduction of social and physical infrastructure. Queries delivered to the finance ministry continued to be unanswered till press time. Finance minister Nirmala Sitharaman elevated capex with a record 26% to ?5.54 trillion in FY22, in compari...